Search found 668 matches

by OnTrack
Fri Jun 26, 2020 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Very Suspect Collection Agency Letter
Replies: 16
Views: 1362

Re: Very Suspect Collection Agency Letter

Here is a link to a sample letter for asking more information about the claimed debt: https://files.consumerfinance.gov/f/201307_cfpb_debt-collection-letter-2_more-information.doc Another possible explanation is that the debt belongs to someone else with the same or similar name. I have seen that ha...
by OnTrack
Fri Jun 26, 2020 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Very Suspect Collection Agency Letter
Replies: 16
Views: 1362

Re: Very Suspect Collection Agency Letter

From FTC website: "What if I don’t think I owe the debt? You can send a debt collector a letter saying you don’t owe any or all of the money, or asking for verification of the debt. If you send the letter within 30 days of getting the validation notice, the collector has to send you written verifica...
by OnTrack
Mon Jun 22, 2020 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Federal tax refund is late
Replies: 102
Views: 4011

Re: Federal tax refund is late

Okay I’m looking here for the unicorn “free e-filing options” from the IRS themselves. I see nothing that fits my situation: https://apps.irs.gov/app/freeFile/ So, again I say that filing by paper is still the lowest cost option and no, there is no reason to pay the federal government more than wha...
by OnTrack
Mon Jun 22, 2020 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Federal tax refund is late
Replies: 102
Views: 4011

Re: Federal tax refund is late

Okay I’m looking here for the unicorn “free e-filing options” from the IRS themselves. I see nothing that fits my situation: https://apps.irs.gov/app/freeFile/ So, again I say that filing by paper is still the lowest cost option and no, there is no reason to pay the federal government more than wha...
by OnTrack
Tue Jun 02, 2020 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Adding Canadian Citizenship - any downsides?
Replies: 30
Views: 2347

Re: Adding Canadian Citizenship - any downsides?

I find it odd that OP says his wife has to apply for Canadian citizenship if she was already a citizen. I was under the impression that, unlike the US, just being born in Canada doesn't grant you that right, but I could be wrong. I'm also assuming OP is not a Canadian citizen. I am a US citizen, an...
by OnTrack
Tue Jun 02, 2020 10:21 pm
Forum: Personal Consumer Issues
Topic: When should I get a wheel alignment?
Replies: 42
Views: 2553

Re: When should I get a wheel alignment?

I just had a wheel alignment done because the car was pulling to the right, also because the steering wheel wasn't straight when driving straight. After the alignment, it is about the same. I called the shop which did the alignment and the person I talked to thinks the problem is a bad tire (the tir...
by OnTrack
Mon Jun 01, 2020 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 135
Views: 14419

Re: Chase reducing credit card limits

vested1 wrote:
Sun May 31, 2020 5:17 am
... We had two hard inquiries, one without our knowledge, because we were shopping for a new car ...
I believe unless you actually applied for credit or otherwise gave permission for a hard pull while shopping for a car, then the hard pull was illegal.
by OnTrack
Sat May 30, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Enrollment Help
Replies: 21
Views: 1398

Re: Medicare Enrollment Help

... One major difference between Medicare and MA is that Medicare has no caps on what they will pay and MA plans do. ... Lot's of good information in the post. However, a few caveats to the above quote. Medicare does have a limit on how many hospital days are covered per benefit period. The limit i...
by OnTrack
Wed May 27, 2020 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Enrollment Help
Replies: 21
Views: 1398

Re: Medicare Enrollment Help

... Worth noting that in some states, not choosing a Medigap plan when first eligible may limit choices of changing to one at a later date. In general though, you can change your supplement /part D plan every year during open enrollment (mid-Oct- early Dec) so whatever you choose now isn't written ...
by OnTrack
Mon May 25, 2020 10:54 pm
Forum: Personal Consumer Issues
Topic: New Vehicle: Forester or Rav4 for boglehead couple
Replies: 88
Views: 5706

Re: New Vehicle: Forester or Rav4 for boglehead couple

I will no longer buy Subaru unless it's used. I test drove a Forester, and I found is disconcerting when the engine turned off at a stop light. I know this is to save gas, but I find it super annoying. I absolutely hate that feature, I would almost call it a deal breaker if a car has it. What I don...
by OnTrack
Fri May 22, 2020 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 71
Views: 4756

Re: Turning 65, Medicaire questions

... Both of our part N providers are also easy to deal with, yet I still need to contact them at times. My part D is a nightmare to deal with, ... Just a clarification. There is no Medicare " part N" (there is a "plan N"). There are Medicare parts A (hospital), B (doctors, outpatient, etc.), C (Med...
by OnTrack
Thu May 21, 2020 12:44 am
Forum: Personal Consumer Issues
Topic: Lowes vs Home Depot
Replies: 97
Views: 14488

Re: Lowes vs Home Depot

Two comments: 1. I ordered a storm door with installation from HD and I opted to pay extra for the installer to measure for the door to be sure the correct size was ordered. When the installer came with the door to install it, he checked the measurements again and announced that he could not install...
by OnTrack
Wed May 20, 2020 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 71
Views: 4756

Re: Turning 65, Medicaire questions

RetiredArtist wrote:
Wed May 20, 2020 12:19 am
...
SHIP recommended community rated pricing over age rated pricing, but no company offered age rated pricing in my city. Go figure.
...
When you say "age rated," you should probably be more specific. There is attained-age rated and issue-age rated (as well as community rated).
by OnTrack
Wed May 20, 2020 12:41 am
Forum: Personal Investments
Topic: Gold vs Mining Stocks?
Replies: 17
Views: 1338

Re: Gold vs Mining Stocks?

One difference between gold mining stocks (or ETFs that hold gold mining stocks) and physical gold (or ETFs that hold physical gold) is the treatment of capital gains if the gains are in a taxable account. Capital gains on physical gold are taxed as collectables, so the tax rate could be more than f...
by OnTrack
Sun May 10, 2020 11:45 pm
Forum: Personal Consumer Issues
Topic: Scams that make me laugh -- what are you favorites?
Replies: 105
Views: 13900

Re: Scams that make me laugh -- what are you favorites?

In general, scams don't make me laugh because real people are harmed by scams. It does give me pleasure though to read cases where scammers are actually caught. For example, there was a grandparent scam where the victim informed the police. The police arrested a "courier" who went to pick up cash: h...
by OnTrack
Sun May 10, 2020 9:37 pm
Forum: Personal Investments
Topic: Recession coming (?) any change in investments?
Replies: 82
Views: 7242

Re: Recession coming (?) any change in investments?

Gold/silver is just silly and I don’t do that stuff. Plus, anything of monetary value should not be kept in a safe deposit box if your state has any sort of inheritance tax as the banker turns into “state snoop” in the case of a death and inventories all things in a safe deposit box. I have witness...
by OnTrack
Sun May 10, 2020 1:12 am
Forum: Personal Consumer Issues
Topic: Will a vpn complicate or improve my internet experience?
Replies: 55
Views: 4069

Re: Will a vpn complicate or improve my internet experience?

I see two potential advantages of a vpn. One is to hide a user's IP address from the sites that the user visits and the other is to hide what web sites a user visits from the user's isp. So potentially it is a way to enhance privacy and anonymity. Some people on this thread are saying they have more...
by OnTrack
Fri May 08, 2020 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Dealer won’t give back car titled in my name, how to proceed?
Replies: 71
Views: 5884

Re: Dealer won’t give back car titled in my name, how to proceed?

... Shred the title and agreement in your possession. ... I don't get the part about shredding the title. Wouldn't that cause a big hassle in that a replacement title would need to be obtained? OP's brother disclosed this side "sale" to the dealer and the dealer still took the car. I highly doubt t...
by OnTrack
Wed May 06, 2020 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Dealer won’t give back car titled in my name, how to proceed?
Replies: 71
Views: 5884

Re: Dealer won’t give back car titled in my name, how to proceed?

ballons wrote:
Wed May 06, 2020 6:01 pm
... Shred the title and agreement in your possession. ...
I don't get the part about shredding the title. Wouldn't that cause a big hassle in that a replacement title would need to be obtained?
by OnTrack
Tue May 05, 2020 11:50 am
Forum: Personal Consumer Issues
Topic: Medicare annual physical vs wellness visit
Replies: 58
Views: 4093

Re: Medicare annual physical vs wellness visit

I know this is an old thread, but my comment seems related. I recently had a "welcome to Medicare" visit. All the charges were "Medicare approved" but there was one charge that apparently I have to pay under the deductible. That charge is for "New patient office or other outpatient visit, typically ...
by OnTrack
Fri May 01, 2020 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Who owns the IP - School or Me?
Replies: 23
Views: 2586

Re: Who owns the IP - School or Me?

It sounds like you are concerned that you've disclosed a patentable idea. For future work, keep an engineering notebook for your lab notes and development calculations and such. At a point where believe you can write, draw and explain your idea to someone, do that. Then make a notation in your engi...
by OnTrack
Tue Apr 21, 2020 12:03 am
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 15058

Re: Deflation is everywhere. Get used to it.

From CNN Before the Bell April 20, 2020:
" US oil prices plunged, falling below $0 Monday to $-37.63 a barrel. That's the lowest level since NYMEX opened oil futures trading in 1983." (That is negative)
https://www.cnn.com/2020/04/20/investin ... index.html
by OnTrack
Mon Apr 20, 2020 9:04 pm
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 15058

Re: Deflation is everywhere. Get used to it.

mptfan wrote:
Mon Apr 20, 2020 8:19 am
fredflinstone wrote:
Mon Apr 20, 2020 7:38 am
It wouldn't shock me at all if the 30-yield falls to 0 percent within the next year or two. (That is not a prediction, just an observation.)
You can observe the future?
:shock:
Maybe Fred watches the Jetsons. There was an episode where Barney tries to repossess Fred'sTV.
by OnTrack
Mon Apr 20, 2020 8:48 pm
Forum: Personal Investments
Topic: Voting One's Shares
Replies: 9
Views: 504

Re: Voting One's Shares

... I called Vanguard and asked them how to vote my shares and the representative was less than helpful. He said that he couldn't tell how the shares were acquired (why that matters is beyond me) and that the shares are likely held in street name, but that Vanguard has no mechanism to let an indivi...
by OnTrack
Sun Apr 19, 2020 11:40 pm
Forum: Personal Investments
Topic: Northwestern Mutual 3.5% on Inherited Cash
Replies: 51
Views: 3779

Re: Northwestern Mutual 3.5% on Inherited Cash

... Interesting, you would almost think the company would just do everything in their power to cash these accounts out and not make the "pitch" for them to stay with an account balance and pay such a high rate. And only do it if a policy holder beneficiary read the fine print and insisted it be hon...
by OnTrack
Sun Apr 19, 2020 1:22 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block tax software and form 8962 (Premium Tax Credit)
Replies: 2
Views: 294

Re: H&R Block tax software and form 8962 (Premium Tax Credit)

I thought I would post an update on this issue. The issue is that my spouse and I have separate 1095-A forms and the amounts in column B (SLCSP) are for each person, not combined. Originally, that made sense to me. However, the software did not add the column B amounts from the 2 forms when transfer...
by OnTrack
Sat Apr 18, 2020 11:55 pm
Forum: Personal Investments
Topic: Northwestern Mutual 3.5% on Inherited Cash
Replies: 51
Views: 3779

Re: Northwestern Mutual 3.5% on Inherited Cash

Is anyone familiar with this? It sounds too good to be true. Yes, I'm familiar with this. Sounds too good to be true, but it is true. I guess at the time the policy was written, no one imagined that 3.5% interest would seem high. Since it is part of the contract, they have to honor it. The one I'm ...
by OnTrack
Sat Apr 18, 2020 11:32 pm
Forum: Personal Consumer Issues
Topic: Office chair recommendation for carpeted home office
Replies: 28
Views: 1964

Re: Office chair recommendation for carpeted home office

A few people have recommended either plastic or bamboo floor mats to use under a chair on a carpeted floor. Another option is glass:
https://www.vitrazza.com/pages/glass-chair-mat-store
by OnTrack
Wed Apr 15, 2020 10:04 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 243
Views: 17932

Re: 2020 Hedge Fund contest

Wowsers! Grewolf and Didymograptus seem to have hit it out of the park with their CHK picks, currently up more than 23x. Looks like a 1:200 reverse split is looming, tho, so the jump might be temporary and/or a spreadsheet glitch? I was admiring the outstanding price appreciation of CHK until I rea...
by OnTrack
Tue Apr 14, 2020 4:01 pm
Forum: Investing - Theory, News & General
Topic: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success
Replies: 55
Views: 3449

Re: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success

An increase of 80 million is about a 25% increase. Over 44 years that is about 0.5% a year. Now throw in our aging and baby boomer demographics a near zero growth in work force is very plausible. It will be interesting to see how it plays out. The US population growth rate has been about 0.6% recen...
by OnTrack
Tue Apr 14, 2020 12:23 am
Forum: Personal Investments
Topic: Ponzi Scheme?
Replies: 215
Views: 17819

Re: Ponzi Scheme?

It's already too late for the money that has been "invested". If they withdraw it now (even assuming they get paid) the bankruptcy receiver will come after them to make sure everyone's losses are proportional. Really? I would be surprised. Is there any differentiation between gains & principal? Bas...
by OnTrack
Mon Apr 13, 2020 3:47 pm
Forum: Investing - Theory, News & General
Topic: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success
Replies: 55
Views: 3449

Re: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success

The census bureau is certainly predicting large population growth over the next few years. In the following Feb. 2020 paper, they are projecting a population increase of 81.4 million between 2016 and 2060 (a period of 44 years). That 81.4 million population increase is about the population of Germa...
by OnTrack
Mon Apr 13, 2020 3:32 pm
Forum: Personal Investments
Topic: Ponzi Scheme?
Replies: 215
Views: 17819

Re: Ponzi Scheme?

Update: Alright so I sat down with both parents, one who had misgivings about this since the beginning and the other who made the investments. And I learned a bit more information: 1) This is WAYYY bigger than I thought it was. This is not operating on a local level, or even a state level. This is ...
by OnTrack
Mon Apr 13, 2020 2:35 pm
Forum: Investing - Theory, News & General
Topic: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success
Replies: 55
Views: 3449

Re: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success

<cut some quotes to save space, see above> In reality the two sets of numbers tell a similar story, just different presentation. I think the main point is immigration has not increased to fill the deficit caused by our base population falling below ZPG post 2008 and the fact that our aging and baby...
by OnTrack
Mon Apr 13, 2020 3:00 am
Forum: Investing - Theory, News & General
Topic: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success
Replies: 55
Views: 3449

Re: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success

Thanks for posting. I recall reading an article in Bloomberg years ago that said ultimately we will likely be looking at very low (1.0% to 2.0%) GDP growth rates due declining population rates and a stagnant or even shrinking labor pool. Post 2008 birth rates have even dropped more. While immigrati...
by OnTrack
Mon Apr 13, 2020 1:30 am
Forum: Investing - Theory, News & General
Topic: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success
Replies: 55
Views: 3449

Re: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success

Thanks for posting. I recall reading an article in Bloomberg years ago that said ultimately we will likely be looking at very low (1.0% to 2.0%) GDP growth rates due declining population rates and a stagnant or even shrinking labor pool. Post 2008 birth rates have even dropped more. While immigrati...
by OnTrack
Sun Apr 12, 2020 8:46 pm
Forum: Investing - Theory, News & General
Topic: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success
Replies: 55
Views: 3449

Re: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success

Al Bartlett: "Steady growth is the center piece of the entire global economy. ... Growth is a dead end." "You cannot sustain population growth, you cannot sustain growth in the rates of consumption of resources. Period. It's not debatable. It's based on arithmetic; it's not debatable, unless you wan...
by OnTrack
Sun Apr 12, 2020 8:26 pm
Forum: Investing - Theory, News & General
Topic: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success
Replies: 55
Views: 3449

Re: BOOK: Fully Grown, Why a Stagnant Economy is a Sign of Success

To the extent that GDP growth depends on population growth or growth in the rates of consumption, then that growth is unsustainable. See Al Bartlett's first law of sustainability. "First Law: Population growth and / or growth in the rates of consumption of resources cannot be sustained." - Corollary...
by OnTrack
Sun Apr 12, 2020 12:25 pm
Forum: Personal Consumer Issues
Topic: Should we be concerned with any banks closing?
Replies: 44
Views: 3266

Re: Should we be concerned with any banks closing?

Interesting video from 60 minutes TV program in March 2009 showing the process of the FDIC taking over a failed bank. This bank had 5 branches. The FDIC team of about 80 people checked into a local hotel under a fictitious organization name so as not to trigger a bank run. They wait outside the bank...
by OnTrack
Sun Apr 12, 2020 11:06 am
Forum: Personal Consumer Issues
Topic: Should we be concerned with any banks closing?
Replies: 44
Views: 3266

Re: Should we be concerned with any banks closing?

Yes I read all those articles. I guess my question should have been worded differently. Since HSBC is not a USA bank, should I be worried about FDIC coverage if the bank goes under? Just wondering if I should put money into a US bank instead is all. Any bank doing business in the U.S. has to abide ...
by OnTrack
Sat Apr 11, 2020 12:53 am
Forum: Investing - Theory, News & General
Topic: Modern Monetary Theory
Replies: 97
Views: 6806

Re: Modern Monetary Theory

From the Vox article: "Like most strands of economics, MMT thinks that inflation can result when aggregate demand (all the purchasing being done in the economy) outstrips the real stuff (consumer goods, factories for corporations, etc.) available for purchase. If there are a lot of dollars out there...
by OnTrack
Thu Apr 09, 2020 12:12 am
Forum: Investing - Theory, News & General
Topic: Prospects for S&P 500 Share Buybacks
Replies: 16
Views: 1108

Re: Prospects for S&P 500 Share Buybacks

Quote from Charlie Munger, Feb. 2019: "when it was a very good idea for companies to buy back their stock, they didn't do very much. And the stocks got so high priced it's created a bad idea. They're doing it a lot. Welcome to adult life. This is the way it is, but, it's questionable at present leve...
by OnTrack
Mon Apr 06, 2020 12:37 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4002
Views: 305653

Re: Coronavirus and the market

IDK How long can an economy suddenly shutdown everything but essential services with no lasting effects? Not just a temporary slowdown with recession/depression like numbers that will reverse quickly but a genuine induced depression. An economic collapse that could take years to decade to overcome ...
by OnTrack
Sat Apr 04, 2020 4:59 pm
Forum: Personal Investments
Topic: Vanguard Municipal Money Market Fund - 2.53% yield
Replies: 3
Views: 656

Re: Vanguard Municipal Money Market Fund - 2.53% yield

From the summary prospectus: "Credit risk, which is the chance that the issuer of a security will fail to pay interest or principal in a timely manner or that negative perceptions of the issuer’s ability to make such payments will cause the price of that security to decline. Credit risk should be ve...
by OnTrack
Thu Apr 02, 2020 11:33 pm
Forum: Investing - Theory, News & General
Topic: Why shouldn´t I buy oil futures now?
Replies: 92
Views: 7282

Re: Why shouldn´t I buy oil futures now?

Not a full answer, but apparently last week the US strategic oil reserves ran out of storage. Almost everybody is filled up. This is causing technical logistical issues. So yeah, storage. At least in part. According to this news published by the Department of Energy 4/2/2020: "Today, the U.S. Depar...
by OnTrack
Thu Apr 02, 2020 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating unemployment benefits
Replies: 13
Views: 1196

Re: Estimating unemployment benefits

In addition to the state unemployment you should receive another $600 a week in compensation under the cares act. https://www.google.com/amp/s/www.natlawreview.com/article/unemployment-compensation-under-cares-act%3famp Keep in mind that under the current law, the $600 per week extra is limited to ...
by OnTrack
Thu Apr 02, 2020 10:45 pm
Forum: Personal Investments
Topic: What Individual stocks are you buying?
Replies: 123
Views: 9694

Re: What Individual stocks are you buying?

GS V BA WF STWD BRK-B My naive logic ... BA: unlikely to go bankrupt. Currently the defense contracts through government will in and of itself sustain company. I believe that they will sell airplanes in the future and not all airlines are comfortable with only having Aerbus as the sole plane maker....
by OnTrack
Thu Apr 02, 2020 12:17 am
Forum: Personal Investments
Topic: cancel Whole Life policy in this situation?
Replies: 22
Views: 1681

Re: cancel Whole Life policy in this situation?

mesaverde wrote: She has agreed to pay $40,000 annual premiums for 10 years I think you mean 40k over 10 years, not annual. None the less, whole life insurance is a bad, expensive deal. To take it one step further, it is your friend's responsibility to learn how to handle her own money and invest. ...
by OnTrack
Wed Apr 01, 2020 1:59 am
Forum: Personal Investments
Topic: cancel Whole Life policy in this situation?
Replies: 22
Views: 1681

Re: cancel Whole Life policy in this situation?

Did the salesperson say that the policy would provide a tax free income stream? That doesn't sound correct. The money paid in can be withdrawn without paying tax because the tax was already paid on that money before it was paid to the insurance company. It is not income from the insurance company. T...
by OnTrack
Wed Apr 01, 2020 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Inheritors Need to Open an EJ Account to Access Inheritance?
Replies: 25
Views: 2114

Re: Inheritors Need to Open an EJ Account to Access Inheritance?

Even if separate EJ accounts need to be opened for each heir, there is no obligation to leave assets there. Each heir can then immediately request that their assets be transferred to another institution. You might want to be sure that the tax basis for each asset is valued as of the date of death be...